NYSE$LEN
Lennar Corp · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
Lennar reported earnings for Q1 2021, which were driven by operational excellence and a technology investment.
Lennar reported a strong first quarter in 2021, with net earnings of $1.0 billion, or $3.20 per diluted share. The results were driven by robust market conditions and the performance of their homebuilding and financial services businesses, along with a significant contribution from a technology investment.
- Net earnings reached $1.0 billion, or $3.20 per diluted share, significantly up from the previous year.
- Deliveries increased by 19% to 12,314 homes.
- New orders rose by 26% to 15,570 homes, with a dollar value of $6.5 billion, up 31%.
- Revenues increased by 18% to $5.3 billion.
Headline financials
Revenue & EPS history
Lennar · Revenue · Quarterly
$5.33B
Revenue by segment
Lennar · $5.28B total across 4 segments · Q1 2021
- Homebuilding$4.9B+17.4%92.8%
- Financial Services$244M+22.9%4.6%
- Multifamily$131M-0.9%2.5%
- Lennar Other$6.9M+255.1%0.1%
Forward guidance
Looking ahead to the second quarter of 2021, Lennar expects to deliver approximately 14,200 - 14,400 homes and anticipates homebuilding margins to remain at 25.0% despite rising material and labor costs.
Tailwinds
- Deliver approximately 14,200 - 14,400 homes
- Homebuilding margins to remain at 25.0%
- Excellent balance sheet
- Continued execution of core operating strategies
- Extremely well positioned for an even stronger 2021
Headwinds
- Rising material costs
- Rising labor costs
- Unspecified risks related to the housing market
- Unspecified economic conditions
- Potential impacts from the ongoing coronavirus (COVID-19) pandemic
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2021
+1.0%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+3.3%
Avg return
30 days after
57%
39 / 69 earnings
Positive
+12.1%
Q1 2021
Best reaction
-8.6%
Q4 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | -3.4% | — | — | |
| Q4 2025 | -1.1% | -9.0% | +0.9% | |
| Q3 2025 | -4.3% | -5.4% | -5.3% | |
| Q2 2025 | +1.6% | +1.6% | +22.5% | |
| Q1 2025 | -4.0% | -1.8% | -12.8% | |
| Q1 2026 | -2.2% | -0.4% | -11.5% | |
| Q4 2024 | -8.6% | -8.9% | -6.6% | |
| Q3 2024 | -3.3% | -2.2% | +0.3% | |
| Q2 2024 | -4.1% | -2.3% | +7.3% | |
| Q1 2024 | -7.9% | -5.6% | -3.7% | |
| Q4 2023 | +2.8% | +2.4% | +4.5% | |
| Q3 2023 | -1.0% | +1.1% | -5.8% | |
| Q2 2023 | +3.3% | +3.5% | +14.9% | |
| Q1 2023 | +1.2% | +4.6% | +4.9% | |
| Q4 2022 | +4.1% | -0.5% | +9.1% | |
| Q3 2022 | +0.7% | -4.1% | -4.5% | |
| Q2 2022 | +4.7% | +11.3% | +27.0% | |
| Q1 2022 | +3.5% | +2.3% | -11.0% | |
| Q4 2021 | -2.4% | -4.8% | -2.7% | |
| Q3 2021 | -3.5% | -1.3% | +0.9% | |
| Q2 2021 | +2.3% | +5.5% | +3.7% | |
| Q1 2021 | +12.1% | +5.6% | +14.3% | |
| Q4 2020 | +8.2% | +7.6% | +3.7% | |
| Q3 2020 | -2.0% | +2.2% | +7.5% | |
| Q2 2020 | +7.9% | +1.6% | +15.3% | |
| Q1 2020 | +10.2% | +15.1% | +38.8% | |
| Q4 2019 | +1.0% | +6.0% | +20.7% | |
| Q3 2019 | +5.0% | +6.5% | +9.3% | |
| Q2 2019 | -7.5% | -5.7% | -7.1% | |
| Q1 2019 | +0.1% | -1.6% | +4.7% | |
| Q4 2018 | +5.3% | +5.4% | +7.3% | |
| Q3 2018 | -4.4% | -2.8% | -7.5% | |
| Q2 2018 | +4.1% | +6.7% | +6.7% | |
| Q1 2018 | +12.1% | +6.5% | -4.6% | |
| Q4 2017 | +4.3% | +3.9% | -12.0% | |
| Q3 2017 | +6.8% | +5.8% | +4.3% | |
| Q2 2017 | +1.0% | -1.2% | +1.0% | |
| Q1 2017 | -3.7% | -3.1% | -1.5% | |
| Q4 2016 | -1.0% | -2.0% | +2.0% | |
| Q3 2016 | -3.6% | -4.4% | -8.2% | |
| Q2 2016 | -1.5% | -4.1% | +4.7% | |
| Q1 2016 | +2.4% | — | — | |
| Q4 2015 | -1.3% | — | — | |
| Q3 2015 | -4.4% | — | — | |
| Q2 2015 | +5.0% | — | — | |
| Q1 2015 | +1.1% | — | — | |
| Q4 2014 | -5.6% | — | — | |
| Q3 2014 | +5.8% | — | — | |
| Q2 2014 | +0.2% | — | — | |
| Q1 2014 | -4.3% | — | — | |
| Q4 2013 | +5.2% | — | — | |
| Q3 2013 | +5.4% | — | — | |
| Q2 2013 | +2.9% | — | — | |
| Q1 2013 | +2.3% | — | — | |
| Q4 2012 | -1.2% | — | — | |
| Q3 2012 | -3.3% | — | — | |
| Q2 2012 | +7.2% | — | — | |
| Q1 2012 | +4.8% | — | — | |
| Q2 2011 | -3.5% | — | — | |
| Q4 2010 | -3.5% | — | — | |
| Q4 2011 | -3.5% | — | — | |
| Q3 2011 | +2.0% | — | — | |
| Q1 2010 | -0.3% | — | — | |
| Q1 2011 | -0.3% | — | — | |
| Q4 2008 | +1.4% | — | — | |
| Q2 2010 | +1.4% | — | — | |
| Q4 2009 | +6.0% | — | — | |
| Q3 2009 | +6.0% | — | — | |
| Q3 2010 | +6.0% | — | — |
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